if your short-sell-the-dip idea doesnt keep dipping then dont add to the non-dipping-bidÃ¢â‚¬Å“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.Ã¢â‚¬ÂGeorge Soros

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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

#statsRyan Detrick, CMTÃ¢â‚¬Â @RyanDetrick3 Although this question seemed ridiculous 3 wks ago, could the S&P 500 actually close higher in 2020? At a YTD loss of >30%, it would be the first year to ever be down that much and close green. The current largest reversal is 2009 at down 25.1%, yet closed higher for the yr.

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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price

Wave D should take approx another 12mths to complete, with the 2020 highs and lows both been tested. Whether the actual high/lows get taken out is any one's guess. I would bet that strong markets like the nasdaq will see new highs later this year, but doubt that the weaker indexes will go that far. Likewise could expect to see the reverse on the downside.

When wave D completes we will have a final Wave E to complete this bull market which could take us out to 2023 or 2024? I originally had a minimum target around 8,000 for the asx200 but in a world of limitless printing of monopoly who knows how high the market could go.

---------------Price action has retraced 50% from the highs of February 20th to the lows on March 23rd! If price gets a daily close above 2800, there is no reason price canÃ¢â‚¬â„¢t run to 2900. However, from here the market has work to do. Between 2900 and 3000 there are 2 levels of horizontal resistance, the 61.8% Fibonacci retracement level from the previously mentioned time frame, and the 200 Day Moving Average. One can even argue that the S&P 500 has broken out of a pennant formation and targets 2980! If price canÃ¢â‚¬â„¢t push higher, support is lower at previous resistance near 2640. Below that support is at the bottom of the pennant near 2435. This will be a very important chart to watch as the direction of equities contributes to the direction of so many assets, such as bonds, commodities, and the US Dollar.